Pages:
Author

Topic: bitcoin blockchain trilemma, who will solve it - page 2. (Read 297 times)

legendary
Activity: 3080
Merit: 1500
Sacrifice scalability and make non-scalability an actual feature to keep BTC what it is: SoV which needs time to prove itself.
Need a MoE? Just use fiat or wechat money.

Can bitcoin continue its journey with non-scalability? that's a big concern. we need something that is fast and secure

That's a great question. I am sure a lot of other people are also concerned about this particular matter - scalability! A lot of people scream about the fees and the speed of bitcoin transaction and it's indeed an issue. Probably we are not facing the heat right at this moment but if bitcoin is adopted worldwide, transaction fees and speed will be a big issue. But we have a solution to it. Have you heard about Lightening Network?

If you haven't heard about it, I have a good resource for you to see,

https://www.binance.vision/blockchain/what-is-lightning-network

We currently have many options for LN enabled wallet and you can definitely try them. I promise, that once you use LN for your bitcoin transactions, your concerns about scalability will be gone forever!

Hope this helps!
jr. member
Activity: 53
Merit: 1
Crypto Mindset
Sacrifice scalability and make non-scalability an actual feature to keep BTC what it is: SoV which needs time to prove itself.
Need a MoE? Just use fiat or wechat money.

Can bitcoin continue its journey with non-scalability? that's a big concern. we need something that is fast and secure
member
Activity: 224
Merit: 36
ch4534ch3ckn3v3rch453481tch
Sacrifice scalability and make non-scalability an actual feature to keep BTC what it is: SoV which needs time to prove itself.
Need a MoE? Just use fiat or wechat money.
jr. member
Activity: 53
Merit: 1
Crypto Mindset
we all know that bitcoin blockchain has trilemma that decentralization, scalability and security cant be achieved in single blockchain.

Bitcoin is secure and decentralized but has scalability issue.

New blockchains like EOS are scalable but have issues with decentralization and security.

the question is can we move forward with this blockchain trilemma or there will be any solution for this?
Pages:
Jump to: